RA 12290 Section 23

Tax Exemptions.

Section 23

SEC. 23. Tax Exemptions. - Donations, grants, gifts, endowments, and contributions actually, directly, and exclusively used for the purpose of the VIP shall be exempt from donor's tax and shall be considered as allowable deduction from gross income for purposes of computing the taxable income of the donor, in accordance with Section 34 (H)(2)(a) of Republic Act No. 8424 or the National Internal Revenue Code of 1997, as amended.

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Other provisions in RA 12290

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 12290 Section 23 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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